13F seasons · Q3 2024
Q3 2024 13F season: what concentrated managers added and dropped
Summary of the Sep 30, 2024 portfolios of concentrated managers: a group defined by the shape of the portfolio (5 to 100 stocks, at least 45% in the top 10 and low turnover), not by size or fame. It includes small firms and filers with an unverified type, and each one counts the same. Further down, separately, the 47 hand-picked well-known investors. Definition.
Stocks most managers added
- Talen EnergyTLN+16 (2→18)
17 opened · 1 exited = +16 · already held it: 0 added, 1 trimmed · net flow +$3.5 bn
- TeslaTSLA+12 (48→60)
19 opened · 7 exited = +12 · already held it: 16 added, 10 trimmed · net flow +$822M
- JD.comJD+12 (19→31)
14 opened · 2 exited = +12 · already held it: 9 added, 6 trimmed · net flow +$750M
- OracleORCL+10 (72→82)
12 opened · 3 exited · 1 more with no comparable data = +10 · already held it: 11 added, 28 trimmed · net flow −$401M
- Vistra OperationsVST+10 (20→30)
11 opened · 1 exited = +10 · already held it: 11 added, 5 trimmed · net flow −$273M
- Flutter EntertainmentFLUT+10 (15→25)
12 opened · 2 exited = +10 · already held it: 6 added, 3 trimmed · net flow +$1.6 bn
- NetflixNFLX+9 (58→67)
11 opened · 2 exited = +9 · already held it: 16 added, 24 trimmed · net flow +$656M
- International Business MachinesIBM+9 (42→51)
12 opened · 3 exited = +9 · already held it: 6 added, 9 trimmed · net flow +$5.3M
- Constellation EnergyCEG+9 (19→28)
11 opened · 2 exited = +9 · already held it: 11 added, 5 trimmed · net flow +$781M
- CrowdStrike HoldingsCRWD+9 (18→27)
15 opened · 6 exited = +9 · already held it: 4 added, 2 trimmed · net flow +$163M
- UnitedHealth GroupUNH+8 (94→102)
12 opened · 4 exited = +8 · already held it: 19 added, 39 trimmed · net flow +$1.7 bn
- AutodeskADSK+8 (23→31)
8 opened · 0 exited = +8 · already held it: 4 added, 12 trimmed · net flow +$551M
- Yum China HoldingsYUMC+8 (10→18)
8 opened · 0 exited = +8 · already held it: 6 added, 3 trimmed · net flow +$635M
- VisaV+7 (172→179)
10 opened · 4 exited · 1 more with no comparable data = +7 · already held it: 53 added, 52 trimmed · net flow −$566M
- Alibaba Group HoldingBABA+7 (53→60)
12 opened · 5 exited = +7 · already held it: 16 added, 20 trimmed · net flow +$867M
Stocks most managers dropped
- Micron TechnologyMU-12 (55→43)
4 opened · 16 exited = −12 · already held it: 18 added, 13 trimmed · net flow −$314M
- AppleAAPL-10 (207→197)
4 opened · 15 exited · 1 more with no comparable data = −10 · already held it: 28 added, 94 trimmed · net flow −$26.6 bn
- AlphabetGOOGL-9 (231→222)
8 opened · 18 exited · 1 more with no comparable data = −9 · already held it: 52 added, 69 trimmed · net flow −$1.9 bn
- MerckMRK-9 (92→83)
1 opened · 11 exited · 1 more with no comparable data = −9 · already held it: 20 added, 22 trimmed · net flow +$177M
- Dell TechnologiesDELL-9 (24→15)
3 opened · 13 exited · 1 more with no comparable data = −9 · already held it: 5 added, 2 trimmed · net flow −$1.1 bn
- Walt DisneyDIS-7 (85→78)
3 opened · 11 exited · 1 more with no comparable data = −7 · already held it: 18 added, 23 trimmed · net flow −$130M
- ASML HoldingASML-7 (54→47)
6 opened · 13 exited = −7 · already held it: 19 added, 15 trimmed · net flow −$727M
- QualcommQCOM-7 (51→44)
4 opened · 11 exited = −7 · already held it: 11 added, 8 trimmed · net flow −$2.2 bn
- IntelINTC-7 (45→38)
3 opened · 10 exited = −7 · already held it: 9 added, 17 trimmed · net flow +$17.8M
- HumanaHUM-6 (26→20)
1 opened · 7 exited = −6 · already held it: 4 added, 9 trimmed · net flow −$530M
Ordered by the net change in the number of managers holding the stock (those who opened minus those who exited), not by dollars or shares: a stock can rank first with more new holders while most of those who already held it are trimming. “Already held it” shows that on each row. “No comparable data”: managers whose previous-quarter portfolio we cannot compare (first 13F, or they did not file that quarter), plus spin-offs and corporate exits (mergers, delistings). They change the count without being a clean buy or sale. It is a net figure: “more” when more of them enter the count than leave it, “fewer” when it is the other way round.
“Net flow”: shares added minus shares cut, in dollars, at the 13F quarter-end implied price, not each trade's price. It can have the opposite sign to the change in managers.
Well-known investors: where they agree and where they don't
A different group from the one above: the 47 investors with their own page on the site, hand-picked. Their moves of 0.5 points of the portfolio or more this quarter, grouped by stock. They appear under the person's name when the page carries it and under the firm's name otherwise; the 13F is always the firm's.
Split
Some bought what others sold: the same stock, two opposite reads.
- Meta PlatformsMETA
▲ buying: Lone Pine, ValueAct, Dan Sundheim · 2 new positions
▼ selling: David Tepper, Dan Loeb, Coatue and 1 more · 1 full exit
- MicrosoftMSFT
▲ buying: Chris Hohn
▼ selling: David Tepper, Stanley Druckenmiller, Dan Loeb and 2 more
▲ buying: David Tepper, Viking Global · 2 new positions
▼ selling: Stanley Druckenmiller, Dan Loeb, Coatue
▲ buying: Coatue, Soros Fund
▼ selling: David Tepper, Prem Watsa · 1 full exit
- AlphabetGOOG
▲ buying: Seth Klarman, Viking Global · 1 new position
▼ selling: Dan Loeb, Soros Fund · 1 full exit
- Amazon.comAMZN
▲ buying: Lone Pine
▼ selling: David Tepper, Dan Loeb, Viking Global
▲ buying: Dan Loeb, Tiger Global, Viking Global · 3 new positions
▼ selling: ValueAct · 1 full exit
- JD.comJD
▲ buying: David Tepper, Coatue, Soros Fund
▼ selling: Howard Marks
- KKRKKR
▲ buying: Coatue · 1 new position
▼ selling: Akre Capital, Lone Pine, ValueAct · 1 full exit
▲ buying: Stanley Druckenmiller
▼ selling: Lone Pine, Terry Smith, Dan Sundheim
Agree on buying
Two or more bought it and none sold.
- PDD HoldingsPDD
▲ buying: David Tepper, Coatue, Dragoneer and 1 more · 1 new position
▲ buying: Coatue, Lone Pine, Dan Sundheim · 1 new position
- AnsysANSS
▲ buying: Dan Loeb, Dan Sundheim · 2 new positions
- StarbucksSBUX
▲ buying: Lone Pine, Dan Sundheim · 2 new positions
- Talen EnergyTLN
▲ buying: Lone Pine, Howard Marks · 2 new positions
- VisaV
▲ buying: Viking Global, ValueAct · 2 new positions
▲ buying: Bill Ackman, Dan Loeb · 1 new position
▲ buying: Seth Klarman, Semper Augustus · 1 new position
▲ buying: Dan Loeb, Lone Pine · 1 new position
▲ buying: Tiger Global, Viking Global · 1 new position
Agree on selling
Two or more sold it and none bought.
- GE VernovaGEV
▼ selling: Stanley Druckenmiller, Viking Global, Lone Pine and 1 more · 1 full exit
▼ selling: Coatue, Soros Fund, Lone Pine · 1 full exit
- AppleAAPL
▼ selling: Berkshire Hathaway, Li Lu, Dan Loeb
- FiservFISV
▼ selling: ValueAct, Mason Hawkins · 2 full exits
- HumanaHUM
▼ selling: Seth Klarman, Starboard Value · 1 full exit
- NVIDIANVDA
▼ selling: Stanley Druckenmiller, Coatue · 1 full exit
▼ selling: Dragoneer, Dan Sundheim · 1 full exit
▼ selling: David Tepper, Coatue
- Booking HoldingsBKNG
▼ selling: Soros Fund, Lone Pine
New positions worth 5% or more of the portfolio
Positions a concentrated manager did not hold the previous quarter that are already 5% or more of its portfolio. Stocks with fewer than three quarters in 13F filings are left out (recent IPOs and mergers, where the “purchase” may have been earlier and private), as are transfers between entities of the same manager.
- Rubric Capital ManagementopenedTalen Energy33.2%
- Alpine Investment ManagementopenedZTO Express (Cayman)32.9%
- MIC Capital Management UK LLPopenedHayward Holdings25.1%
- Evergreen Quality Fund GPopenedDanaher20.0%
- Vision One Management PartnersopenedChemours19.2%
- Highland Peak CapitalopenedO-i Glass17.6%
- ATLAS Infrastructure Partners (UK)openedPg&e16.9%
- Alpine Investment ManagementopenedNextpower16.7%
- Crow's Nest HoldingsopenedLouisiana-pacific16.0%
- Lind Value II ApSopenedAutoliv15.4%
- Alta FOX Capital ManagementopenedForward Air14.4%
- RIT Capital PartnersopenedAmazon.com13.9%
- Apis Capital AdvisorsopenedTalen Energy13.9%
- Alden Global CapitalopenedPDD Holdings13.5%
- Engle Capital ManagementopenedTalen Energy13.2%
The Q3 2026 season builds itself in your account
Follow the managers you care about and see their new 13F filings in Following as they come in.
Source: 13F filings with the SEC, filed up to 45 days after quarter end. Not investment advice.